AB InBev: Q1 underlying EPS down 30%

(CercleFinance.com) - The brewer AB InBev has reported underlying EPS of 0.
51 dollar for Q1 2020, down from 0.73 dollar a year ago, with its EBITDA margin falling by 331 basis points to 35.9%.

At 11 billion dollars, revenues declined 5.8%, which it says were significantly affected by lower volumes resulting from the pandemic. However, revenues per hectolitre increased 3.9% due to premiumisation and revenue management efforts.

AB InBev warns that it expects Q2 results to be hit much worse than in Q1, noting that this is already visible in its April 2020 global volumes, which fell by about 32%.


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